BitGo Goes Public on NYSE, Raises $213 Million

BitGo, a prominent cryptocurrency custody service, debuted on the NYSE through a ringing-the-bell ceremony on January 22nd, with its IPO priced at $18 per share, exceeding expectations.

The IPO, raising $2.13 billion, signifies a strong market interest in crypto custody services and highlights BitGo’s financial growth, impacting institutional investment perceptions.

BitGo Raises $213 Million in NYSE Debut

BitGo’s IPO on the NYSE marks 2026’s first crypto offering, raising $213 million. The company’s share pricing exceeded expectations, set above the recommended range of $15 to $17 per share, indicating robust market demand. CEO Mike Belshe maintains 56% voting rights, underscoring his leadership stability. BitGo’s platform assets under custody reached $104 billion by September 30, 2025, illustrating its expansive reach across 1,550 digital assets.

The IPO further positions BitGo as a dominant force in the crypto custody sector. The company experienced revenue growth to $10 billion within the first nine months of 2025, from $1.9 billion the previous year, showcasing its financial ascent. The BitGo Holdings SEC Filing Document offers a comprehensive look into its financial and operational metrics.

BitGo offers direct exposure to the crypto custody business as the first 2026 crypto IPO, with significant upside from tokenization, institutionalization, SEC rules, and the CLARITY Act.

Overall, the IPO sets a precedent for 2026, with future offerings expected from other companies.

Bitcoin and Broader Market Insights as BitGo Sets Precedent

Did you know? BitGo’s successful IPO may inspire other cryptocurrency firms looking to go public, setting a trend for 2026. Its strong market entry follows previous listings from companies like Circle and Gemini in 2025.

Bitcoin (BTC) trades at $88,876, with a market cap of $1.78 trillion and dominance at 59.06%, according to CoinMarketCap. The 24-hour trading volume fell by 11.45%, with recent price drops of 1.10% over 24 hours and 7.68% over seven days. Despite a 19.19% decline over 90 days, Bitcoin showed a slight 1.19% increase over 30 days and 1.70% over 60 days. Its circulating supply is nearly 19.98 million, compared with a max supply of 21 million, updated at 16:08 UTC on January 22, 2026.

The research team at Coincu suggests that BitGo’s IPO could pave the way for further technological advancements in crypto custody, promoting more robust regulatory frameworks. Analysts emphasize the need for continuous innovation to meet evolving security and compliance demands. BitGo’s listing offers valuable insights into market dynamics as traditional and digital finance sectors intersect.